Public Employees Retirement System of Ohio Invests $1.24 Million in KBR, Inc. $KBR

Public Employees Retirement System of Ohio bought a new stake in KBR, Inc. (NYSE:KBR) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 35,763 shares of the construction company’s stock, valued at approximately $1,235,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in KBR by 432.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 607 shares of the construction company’s stock valued at $29,000 after acquiring an additional 493 shares in the last quarter. Allworth Financial LP bought a new position in KBR in the second quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its stake in KBR by 101,600.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,017 shares of the construction company’s stock worth $48,000 after buying an additional 1,016 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in KBR by 98.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,228 shares of the construction company’s stock valued at $59,000 after buying an additional 608 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in shares of KBR in the 4th quarter valued at $51,000. 97.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KBR shares. Bank of America lowered their target price on shares of KBR from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Monday, July 20th. Citigroup decreased their price objective on KBR from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Weiss Ratings upgraded KBR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, September 3rd. UBS Group increased their target price on KBR from $36.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Finally, Wall Street Zen raised KBR from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.67.

KBR Trading Up 0.5%

Shares of KBR stock opened at $37.01 on Wednesday. The company has a market capitalization of $4.67 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.99 and a beta of 0.44. KBR, Inc. has a 12-month low of $29.94 and a 12-month high of $52.23. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.52. The firm has a 50-day moving average price of $36.85 and a 200 day moving average price of $36.35.

KBR (NYSE:KBR) last posted its quarterly earnings data on Thursday, July 30th. The construction company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.09. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. KBR had a net margin of 5.49% and a return on equity of 32.55%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.91 earnings per share. KBR has set its FY 2026 guidance at 3.870-4.220 EPS. Research analysts forecast that KBR, Inc. will post 4.01 earnings per share for the current fiscal year.

KBR Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be given a $0.165 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.66 annualized dividend and a yield of 1.8%. KBR’s payout ratio is presently 19.88%.

About KBR

KBR, Inc is a global engineering, procurement, construction and services (EPC&S) company headquartered in Houston, Texas. The firm delivers integrated solutions and technologies across the full project lifecycle for customers in the energy, government, industrial and infrastructure sectors. Its offerings span feasibility studies, front-end engineering design, detailed design, procurement, fabrication, construction, commissioning and operations support.

The company is organized into business segments that include Energy Solutions, which focuses on oil and gas processing, liquefied natural gas (LNG) facilities and petrochemical plants; Government Solutions, providing logistics, sustainment, training and mission support for defense, intelligence and civilian agencies; and Sustainable Technology, delivering chemical process technologies, water treatment and lower-carbon fuels expertise.